Confidentiality Can Be Taxing: Negotiating Tips to Help Protect Your Clients from Taxation of their Settlement
BLOG Confidentiality provisions in settlement agreements can often come back to haunt plaintiffs. As discussed in a previous post, an inadvertent breach of confidentiality could cost a plaintiff his/her settlement. Similarly, a confidentiality clause could result in...read more
BLOG No plaintiff ever asks for a Confidentiality Provision to be part of their settlement agreement. That is a defense-driven device that could cost plaintiffs their settlements. Case in point —Gulliver Schools, Inc. et al. v. Patrick Snay, Third DCA Florida...read more
BLOG As if it weren’t tough enough nowadays to settle lawsuits with insurance companies, now they are using the pretense that there may be a Medicare lien to delay paying you your settlement. Insurance companies are using several delaying tactics which leave...read more
BLOG Personal injury attorneys often struggle with managing their cash flow because of the burden of paying litigation costs upfront while waiting for settlement checks to come in. Most plaintiffs’ attorneys feel like the fees they earn when they settle a case go to...read more
BLOG Plaintiff attorneys who rely on settlement checks in order to pay their bills face a big problem at the end of the year. Property and Casualty insurance companies generally close their books on December 15th, which means that whatever is not settled by then gets...read more
BLOG RapidFunds® is pleased to announce that it has acquired the attorney funding business of American Asset Finance, LLC. In addition, Sherry L. Foley Esq., formerly CEO and General Counsel of American Asset has joined our firm as Director of Business Development....read more
Many post-settlement funding companies only provide funding against large cases with big settlement amounts. That approach leaves a lot of small law firms with no opportunity to get cash to run their business. Fortunately, not all funding companies reject law firms with small cases. That’s why attorneys need to carefully research their financing options and look for companies who will work with them to find a funding solution.read more
BLOG Contingent fee law firms often seek financing because of their irregular cash flow. They may wait long periods of time to receive settlement funds; meanwhile there are bills that need to be paid. Two funding options that these firms use are credit lines and...read more
BLOG No law firm wants others to know they need additional funds to run their practice. That’s why confidentiality is so important in dealing with a legal funding company. Many firms are concerned that their finances will be revealed to competitors or co-counsel....read more
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